Fidelity Investments Review
Full-service brokerage with zero-commission trades and top research. Independent Fidelity Investments review: 4.9/5 for brokerage.
By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 7, 2026.
Our verdict
Long-term and retirement investors get low costs and a wide range of account types at Fidelity: $0 commissions on U.S. stocks and ETFs, four index funds with zero expense ratios, and fractional shares from $1. There are no account minimums or maintenance fees. The catches are minor: a platform that can feel complex to brand-new investors and crypto limited to BTC, ETH and LTC.
Skip it if you want to trade crypto beyond BTC, ETH and LTC.
About Fidelity Investments
Full-service brokerage with zero-commission trades and top research. Fidelity Investments is offered by Fidelity Brokerage Services. Our editorial rating is 4.9 out of 5.
Best for: Long-term and retirement investors.
Editorial grade: A+ (composite score 98/100).
Highlights
- $0 commissions on U.S. stocks, ETFs, and options (+$0.65/contract)
- Four ZERO-expense-ratio index mutual funds (FZROX, FZILX, FNILX, FZIPX)
- Fractional shares from $1 on 7,000+ stocks and ETFs
What we like
- Best-in-class research (Argus, Zacks, Morningstar, 20+ providers)
- No account minimums, no maintenance fees, no activity fees
- Fidelity Cash Management pays 2.72% APY + unlimited ATM fee refunds
- Taxable, IRA, Roth IRA, 401(k), 529, HSA, and custodial accounts
Where it falls short
- Platform can feel complex for brand-new investors
- Crypto trading limited to BTC, ETH, and LTC via Fidelity Crypto
Fees, minimums, and rates
Monthly fee: $0 stocks/ETFs · $0.65 options. Minimum to open: $0. Rates and fees last checked on September 7, 2026.
How we reviewed it
This is a desk review: we have not opened an account with Fidelity Brokerage Services. It is built from Fidelity Brokerage Services's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Brokerage shortlist. Our brokerage and robo-advisor reviews weight costs and fees (25%), platform and tools (20%), asset selection (15%), account types (10%), education and research (10%), customer support (10%), and trust and safety (10%). The rubric is the same for every brand.
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Read our full editorial methodology for how we review products.